Moving iMage Technologies (Moving iMage Technologies) Inventory Turnover : 0.74 (As of Mar. 2024)

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What is Moving iMage Technologies Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Moving iMage Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was $3.21 Mil. Moving iMage Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was $4.34 Mil. Moving iMage Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Moving iMage Technologies's Days Inventory for the three months ended in Mar. 2024 was 123.20.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Moving iMage Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.12.

Moving iMage Technologies Inventory Turnover Historical Data

The historical data trend for Moving iMage Technologies's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Moving iMage Technologies Inventory Turnover Chart

Moving iMage Technologies Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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8.02

7.34

3.55

4.99

3.53

Moving iMage Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.56	0.95	1.05	0.54	0.74

Moving iMage Technologies Inventory Turnover Calculation

Moving iMage Technologies's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	14.897	/ (	(4.033	+	4.419)	/	2 )
=	14.897	/	4.226
=	3.53

Moving iMage Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	3.214	/ (	(4.459	+	4.22)	/	2 )
=	3.214	/	4.3395
=	0.74

Moving iMage Technologies (AMEX:MITQ) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Moving iMage Technologies's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	4.3395	/	3.214	*	365 / 4
	=	123.20

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Moving iMage Technologies's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	4.3395	/	3.89
	=	1.12

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Moving iMage Technologies Inventory Turnover Related Terms

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Moving iMage Technologies (Moving iMage Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Moving iMage Technologies Inc (AMEX:MITQ) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

17760 Newhope Street, Fountain Valley, CA, USA, 92708

Website

http://www.movingimagetech.com

Moving iMage Technologies Inc is engaged in providing designed equipment as well as other off the shelf cinema products needed for contemporary cinema requirements. It offers technical, design and consulting services such as custom engineering, systems design, integration and installation, and digital technology, as well as software solutions for operations enhancement and theatre management.

Executives

William F Greene	officer: Interim CFO	12220 EL CAMINO REAL #410, CARLSBAD CA 92130
Philip L. Rafnson	director, 10 percent owner, officer: CEO, Pres.	17760 NEWHOPE STREET, IRVINE CA 92708
Bevan Wright	officer: EVP Operations	17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
John Stiska	director
Katherine D Crothall	director	2425 S. BLUE CRANE DRIVE, JACKSON WY 83001
Jose Delgado	officer: EVP Sales & Marketing	11760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
Michael R. Sherman	officer: CFO	17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
Scott Lloyd Anderson	director	17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92075
Sound Management Investors, Llc	10 percent owner	11109 XYLON AVENUE S, BLOOMINGTON MN 55438